Lord Alan Sugar learns political speak
Lord Alan Sugar may well be king of the small business arena but he has had to learn a short sharp lesson in political speak after criticising small business owners earlier this week for complaining about a lack of liquidity in the market place. He has issued a statement suggesting that his original comments were taken out of context and he is there to support and help build the small business sector in the UK.
While there is no doubt that Lord Alan Sugar has much to offer in the shape of advice and guidance for small business owners in the UK, the world which he now finds himself in is very different to the world in which he grew up. While many people appreciate his no-nonsense approach to business advice there is no doubt that he did overstep the mark earlier this week when being openly critical of those struggling to finance their businesses.
The appointment of Alan Sugar was a controversial move in the first place but despite his outburst earlier this week he would appear to still have the full backing of the UK government. It will be interesting to see the tone and manner in which he delivers his speeches and his advice in the future.
Share this..
Related stories
World Economic Forum hits back at overregulation
The World Economic Forum has this week seen chief executive after chief executive step forward to condemn the ongoing increase in regulations in the worldwide financial sector. This is the first time we have seen banks publicly fight back together in what is becoming something of a witch hunt around the world. Only recently Pres Obama introduced a very heavy tax levy on the US banking system an...
Read MoreLooking after the pennies could save thousands
While most people are always on the lookout for a bargain, as many as 16 million Brits are wasting their money by paying over the odds for everyday items.According to Alliance & Leicester Savings, 62 per cent of people do not shop around for their groceries, compared to just three per cent who said that they would not look out for the best deal for a holiday or electrical item.Research found that...
Read MoreDid you know 29% of partners still maintain financial independence?
A report by Tesco bank has revealed that 29% of couples in the UK are unwilling to pool their financial resources into joint accounts and similar setups. The report also reveals that it takes two years for the average couple to be happy to pool their finances although around 56% would still look to maintain some kind of financial independence from their partner. Another interesting fact from th...
Read MoreIs the stock market as risky as people suggest?
The last 24 months have seen a rollercoaster ride in the UK, and worldwide, stock market with billions upon billions of pounds lost but many people making significant profits in the short term. While there is no doubt there are short, medium and long-term risks to investing in any stock market in the world, is it sensible to avoid stock market investment?
The truth is that any inves...
Repossessions set to increase as Madoff losses kicks in
Speculation that Santander, the owner of Abbey National and Bradford & Bingley, has losses approaching £2 billion from the Madoff investment fund collapse and suggestions that the likes of Royal Bank of Scotland have lost potentially £400 million have grabbed headlines over the last few days. But who will ultimately pay for these losses?
There is immense speculation in the financi...